Hey Obama, when you are IN a hole, stop digging!
“With eight days left in April, personal income tax receipts crested $5 billion – less than half the $12.8 billion collected in April 2008 and almost $4 billion short of the $8.9 billion, Governor Arnold Schwarzenegger’s Department of Finance estimates the state will take in during the month.”
http://californiascapitol.com/blog/?p=351
The purpose of threating to prosecute ex-Bush administration officials is to avoid a serious investigation of the POR (Pelosi-Obama-Reid) budget.
Rahm’s plan is to keep Bush on the front page, not Hussein.
| Month | Collections | Year Ago | Change |
| Oct. 2008 | 165797 | 178176 | −0.069 |
| Nov. 2008 | 145853 | 151055 | −0.034 |
| Dec. 2008 | 238017 | 276982 | −0.141 |
| Jan. 2009 | 226109 | 255217 | −0.114 |
| Feb. 2009 | 87328 | 105723 | −0.174 |
| Mar. 2009 | 128957 | 178816 | −0.279 |
| Apr. 2009 estimated | 250000 | 407106 | −0.386 |
“So when does the receipts crater become news?”
Whenever they figure out to make it look like Bush’s fault.
Hey Obama, when you are IN a hole, stop digging!
some folks are gonna have cap gain loss carryforwards for years to come. Generally cap gain tax receipts will vanish for 2008. It is going to be nasty.
Funny thing is happening under the new Obama socialism:
Borrow record amounts, while revenues are tanking.
Atlas is shrugging.
My wife is a naturalized citizen from Mexico.
She was arguing with an American woman from church who was telling her “but those people are so poor, we should let them all in”
My wife then told her “I’m sorry, but I’m from Mexico and I know my people. The poorest people there cannot afford a $3000 fee for a coyote or the plane tickets or the thousands of dollars you need in a bank account in order to get a visa”